Dep. Speaker Williams on fair student funding formula

So just a question about equity in school budgets.

Fair student funding created and implemented in 2007 to the 2008 school year is the main funding source for traditional city public schools.

This formula adjusts school budgets based on a school student population and student needs.

This formula is meant to promote equity in school budgets as schools are funded based on need.

Has there been any recent analysis of the SFF formula and its ability to promote equity?

And what are some of the limitations of this funding model?

So we, there are significant limitations or some limitations, but really SFS

has, the weights that we've used over the past have led to more, you know, equity in our school budget system.

And I'll turn it over to our chief financial officer to talk some more about that.

Thank you.

So as you may be aware, about three years ago, we actually added new weights to our fair student formula for

students in temporary housing and to capture concentration of high need at schools.

And so there are ongoing analysis, and that was based on recommendations from the FSF working group.

I know there's been a call to reestablish it, and I know the chancellor has already committed to us, you know, having the necessary conversations around it.

So while we didn't make any updates for this upcoming school year, it is conversations that we are prepared to have.